Japan Economy

Japan

Consumer Prices in Japan Plummet at Fastest Pace in a Decade

Japan’s core consumer prices dove at their fastest pace in a decade in November. The COVID-19 pandemic hit demand, stoking fears of a return to deflation. Moreover, wiping out the benefits of former premier Shinzo Abe’s stimulus policies. The weak data will pressure the Bank of Japan (BOJ) to maintain its massive stimulus program. The …

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Dollar, forex market

The dollar rose to 103.39 yen and grew 0.2% against the euro

On December 18, traders in Asia skimmed some profits from the big moves. It had weighed on dollar to a nine-month low against the safe-haven yen. The Japanese currency was falling against the euro and the Australian and New Zealand dollars. On Friday, the U.S. dollar was stronger at 103.39 yen. It increased by approximately …

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Japan flag

Japan Plans a $1.03 trillion Budget to Contain COVID

The Japanese government plans a record-high $1.03 trillion budget for the next fiscal year. According to sources familiar with the matter, the government boosted the plan as its coronavirus response, rising welfare, and military spending. The proposal was a 106.6 trillion-yen budget for the fiscal year beginning in April 2021. Authorities will endorse the cabinet …

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Japanese Yen

The Japanese Yen Hit a New One-Week High

The Japanese yen increased to a one-week high. The U.S dollar held commodity currencies in check on November 18, as stricter economic restrictions across the U.S. and Europe tested market enthusiasm over vaccine trials. After Pfizer announced its vaccine effectively prevents the coronavirus disease, the yen has recouped nearly two-thirds of the steep losses it …

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Yen

The Japanese yen increased to 104.90 per dollar

On Friday, the Japanese yen increased as investors crept back to the safe-haven currency. According to analysts, worries about economic damage is boosting as Covonavirus infection in the United States resumes increasing. The yen increased by 0.2% and settled at 104.90 per dollar in the Asia session, which is its highest since October 9. As …

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Bank of Japan building

Japan’s GDP Seen Shrinking Less than Expected

Japan’s economy will likely shrink more slowly than previously anticipated this fiscal year.  According to a  poll, recovering exports offered relief for policymakers with few tools to cushion the blow from the pandemic. However, uncertainty over the coronavirus’ fallout will continue to weigh on consumer prices. It may put Japan at the point of mild …

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yen

Yen Witnessed the Largest Decline Against the Dollar

According to the latest news, traders unloaded the Japanese yen and purchased riskier currencies and the greenback on Monday. Additionally, market confidence in the economy and world trade boosted as the Coronavirus vaccine developed, and Democrat Joe Biden won the presidential elections. Since March, the yen, often called a leading safe-haven, witnessed the largest decline …

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